Abbreviated Company Accounts - HUM NETWORK UK LTD

HUM NETWORK UK LTD - Company Information

Registered Number 08661148

HUM NETWORK UK LTD

Abbreviated Accounts

30 June 2016

HUM NETWORK UK LTD Registered Number 08661148

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	108,375	114,750
Tangible assets	3	415	430
		108,790	115,180
Current assets
Debtors		1,128,747	485,994
Cash at bank and in hand		120,550	31,734
		1,249,297	517,728
Creditors: amounts falling due within one year		(1,378,987)	(526,821)
Net current assets (liabilities)		(129,690)	(9,093)
Total assets less current liabilities		(20,900)	106,087
Creditors: amounts falling due after more than one year		(553,676)	(553,676)
Total net assets (liabilities)		(574,576)	(447,589)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(574,577)	(447,590)
Shareholders' funds		(574,576)	(447,589)

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 September 2016

And signed on their behalf by:
Duraid Qureshi, Director

HUM NETWORK UK LTD Registered Number 08661148

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% W.D.V

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

2Intangible fixed assets

	£
Cost
At 1 July 2015	127,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	127,500
Amortisation
At 1 July 2015	12,750
Charge for the year	6,375
On disposals	-
At 30 June 2016	19,125
Net book values
At 30 June 2016	108,375
At 30 June 2015	114,750

3Tangible fixed assets

	£
Cost
At 1 July 2015	538
Additions	89
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	627
Depreciation
At 1 July 2015	108
Charge for the year	104
On disposals	-
At 30 June 2016	212
Net book values
At 30 June 2016	415
At 30 June 2015	430